HELIOS TECHNOLOGIES, INC. Leases Disclosure
7. OPERATING LEASES
The Company leases machinery, equipment, vehicles, buildings and office space throughout its locations that are classified as operating leases. Remaining terms on these leases range from less than one year to eight years. For the years ended January 3, 2026, December 28, 2024 and December 30, 2023, operating lease costs totaled $8.1, $7.5 and $7.0, respectively.
Supplemental balance sheet information related to operating leases is as follows:
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January 3, 2026 |
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December 28, 2024 |
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Right-of-use assets |
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$ |
17.6 |
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$ |
22.9 |
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Lease liabilities: |
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$ |
3.8 |
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$ |
4.4 |
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15.3 |
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20.3 |
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$ |
19.1 |
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$ |
24.7 |
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Weighted average remaining lease term (in years): |
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3.4 |
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Weighted average discount rate: |
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4.4 |
% |
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Supplemental cash flow information related to leases is as follows:
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For the Year Ended |
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January 3, 2026 |
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December 28, 2024 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
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$ |
8.2 |
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$ |
7.9 |
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Non-cash impact of new leases and lease modifications |
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$ |
4.4 |
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$ |
1.8 |
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Maturities of lease liabilities are as follows:
2026 |
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$ |
6.8 |
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2027 |
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3.8 |
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2028 |
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3.4 |
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2029 |
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3.3 |
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2030 |
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3.1 |
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Thereafter |
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4.7 |
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Total lease payments |
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25.1 |
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Less: Imputed interest |
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(6.0 |
) |
Total lease obligations |
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19.1 |
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Less: Current lease liabilities |
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(3.8 |
) |
Non-current lease liabilities |
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$ |
15.3 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 3, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 2, 2021 | |
| 2019 | Feb 25, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.